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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Marinas
457 Main St Russells Point, OH 43348-9733
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-4777298
Property profile
Verified
Property type
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Year built
1969
Total area
7,380 SF
Lot
0.85 ac (37,157 SF)
APN
52-032-10-05-042-000
UPID
US66-4777298
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Il Shore Holding LLC · 5 yrs held
Il Shore Holding LLC
since 2020
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Russells Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Russells Point submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$940,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Change: 0% · Conversion: Difficult
RESTAURANT
$805,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$685,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$675,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.00M (Nov 2 2020)
Last sale anchor
$1.00M
Nov 2 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$136 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,671
Tax year 2023
Assessed value
$198,050
Assessed 2023
Previous assessed
$174,990
+13.2% YoY
Effective rate
4.88%
On assessed value
Assessed land
$76,080
Assessed improvement
$121,970
Land market value
$217,370
Improvement market value
$348,490
Total market value
$565,860
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Status
Off-Market
Year built
1969
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
7,380 SF
Lot
0.85 ac (37,157 SF)
APN
52-032-10-05-042-000
UPID
US66-4777298
Jurisdiction
LOGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$950,000
RESTAURANT
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$720,000
RETAIL STORES
Est. value
$685,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$675,000
MEDICAL BUILDING
Est. value
$635,000
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Il Shore Holding LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7860 ROSE PATH, RUSSELLS POINT, OH 43348-9600
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
$1,000,000
Il Shore Holding LLC
Dennis Lazenby
Warranty Deed
—
Nov 2, 2020
—
Dennis Lazenby
Dennis Lazenby
Intrafamily Transfer
related
$400,000 · Dennis Lazenby Etal
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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